The rupee extended falls against the dollar on Tuesday after December industrial output data unexpectedly contracted from a year earlier while the consumer price index remained above 10 per cent last month.
December industrial output fell 0.6 per cent from a year ago, compared with expectations for a 1.1 per cent increase in a Reuters poll of analysts. Data at around the same time showed January consumer price inflation rose 10.79 per cent from a year ago.
The rupee was trading at 53.94 as of 11:15 a.m., compared with around 53.88 before the data was released.
However, the 10-year government bond yield was range-bound at around 7.86 per cent from levels before the data, while the Sensex was also range-bound.
Copyright @ Thomson Reuters 2013
December industrial output fell 0.6 per cent from a year ago, compared with expectations for a 1.1 per cent increase in a Reuters poll of analysts. Data at around the same time showed January consumer price inflation rose 10.79 per cent from a year ago.
The rupee was trading at 53.94 as of 11:15 a.m., compared with around 53.88 before the data was released.
However, the 10-year government bond yield was range-bound at around 7.86 per cent from levels before the data, while the Sensex was also range-bound.
Copyright @ Thomson Reuters 2013
